
GBPUSD On Track To Settle Above 1.3700
The British pound sterling continues to keep a bullish hold. After failing to [...]
After enjoying the best monthly return in a year for July, the Australian Market followed the minor capitulation in international markets, falling a hefty 78.4 points and wipe out much of the solid work leading up to the end of July. Markets went into a tailspin on concerns that the Fed could raise interest rates sooner than expected with the VIX also jumping to its highest level in 4 months.
US non-farm payroll data is out tonight so expect some volatility among the key FX majors.
How did the Aussie market perform today?
S&P/ASX200 lost 76.5 points or -1.38% on volume of $4 billion, closing at 5556.4.
Australian sector watch
Looking over the charts
ASX top 200 stock analysis
12% of stocks are showing oversold levels, 31% are showing overbought levels and 60% of stocks are currently above their long term moving average as of close of trading today. View the image below to better understand overbought and oversold levels.
S&P/ASX 200 Gainers and Losers
Top 5 gainers:
Top 5 Losers:
Please note that these are our initial impressions and that it is important to read all disclaimers on this website when considering the information. If you would like to discuss further please contact:
Ashley Jessen
Director of Communications
Email: ashley_jessen@invast.com.au
Phone: 02 8036 7567
Friday, 01 Aug, 2014 / 9:27
GBPUSD On Track To Settle Above 1.3700
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